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FAM
Fred Alger Management Portfolio holdings
AUM
$22.8B
1-Year Est. Return
64.63%
This Fund
S&P 500
This Quarter
Est. Return
+17.72%
1 Year Est. Return
+64.63%
3 Year Est. Return
+243.99%
5 Year Est. Return
+318.3%
10 Year Est. Return
+1,899.64%
AUM
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
HEICO Corp Class A
HEI.A
$36.3B
| $154M | 0.83% |
1,080,577
+288,464
| +36% | +$39.1M |
|
27
Netflix
NFLX
$293B
| $142M | 0.77% |
2,924,670
-1,411,610
| -33% | -$61.6M |
|
28
Intuitive Surgical
ISRG
$128B
| $142M | 0.76% |
419,644
+48,885
| +13% | +$14.6M |
|
29
Glaukos
GKOS
$8.92B
| $131M | 0.71% |
1,645,081
-135,609
| -8% | -$9.25M |
|
30
Boston Scientific
BSX
$67.6B
| $128M | 0.69% |
2,219,694
-376,778
| -15% | -$20.1M |
|
31
DexCom
DXCM
$28.3B
| $126M | 0.68% |
1,018,447
+227,090
| +29% | +$23.2M |
|
|
32
Amgen
AMGN
$203B
| $124M | 0.67% |
429,507
+334,436
| +352% | +$91.1M |
|
33
SPS Commerce
SPSC
$2.41B
| $121M | 0.65% |
624,258
-23,000
| -4% | -$4.01M |
|
34
Liberty Media Series C
FWONK
$24.6B
| $119M | 0.64% |
1,889,648
+127,989
| +7% | +$8.37M |
|
35
Vertex
VERX
$2.05B
| $119M | 0.64% |
4,417,130
-234,571
| -5% | -$6.01M |
|
36
Cadence Design Systems
CDNS
$93.4B
| $115M | 0.62% |
420,649
-54,610
| -11% | -$14.1M |
|
37
Progyny
PGNY
$2.47B
| $113M | 0.61% |
3,050,206
-162,539
| -5% | -$5.46M |
|
38
RBC Bearings
RBC
$18.5B
| $112M | 0.6% |
393,451
-26,213
| -6% | -$6.43M |
|
|
PRO
39
DELISTED
PROS Holdings
PRO
| $109M | 0.59% |
2,812,919
-219,894
| -7% | -$7.9M |
|
40
McKesson
MCK
$99.5B
| $109M | 0.59% |
235,237
-76,300
| -24% | -$34.7M |
|
41
Wingstop
WING
$3.74B
| $107M | 0.58% |
418,591
-40,723
| -9% | -$8.8M |
|
42
Acadia Healthcare
ACHC
$2.99B
| $107M | 0.58% |
1,376,121
-107,564
| -7% | -$7.96M |
|
43
Transmedics
TMDX
$2.57B
| $106M | 0.57% |
1,342,915
-231,688
| -15% | -$14M |
|
44
Vaxcyte
PCVX
$8.01B
| $105M | 0.57% |
1,670,189
-423,116
| -20% | -$22M |
|
|
45
HEICO Corp
HEI
$49.9B
| $102M | 0.55% |
571,150
-6,031
| -1% | -$1.02M |
|
46
Casella Waste Systems
CWST
$5.68B
| $101M | 0.55% |
1,182,361
-193,728
| -14% | -$15.6M |
|
47
Wabtec
WAB
$50.8B
| $101M | 0.54% |
791,966
+159,418
| +25% | +$18M |
|
48
Diamondback Energy
FANG
$55.1B
| $99.8M | 0.54% |
643,821
-39,286
| -6% | -$6.16M |
|
49
Acadia Pharmaceuticals
ACAD
$4.35B
| $99.5M | 0.54% |
3,176,775
+67,892
| +2% | +$1.62M |
|
50
Uber
UBER
$139B
| $94.2M | 0.51% |
1,529,476
+372,095
| +32% | +$19.5M |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.